AAPL - was the lower open predicted?
AAPL is set to open lower this morning. Was the lower price predicted? In a way, yes. We had a tweezer top formation followed by a bearish engulfing pattern. An orange divergent high candle indicates lower prices to come within 1-5 bars. The Candlestick Strategy has a historical win rate of 80% so short entry on the tweezer with a scale in on the divergent low would work in terms of strategy.
key in trading is to look for confluence across indicators and triggers and not to rely on one for a set up. This will increase the probability of a winning trade.
Trade safely!
key in trading is to look for confluence across indicators and triggers and not to rely on one for a set up. This will increase the probability of a winning trade.
Trade safely!
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or subscription information to my various services please email support@whtradecoach.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.